Asit Ranjan Mishra
 "Asit Ranjan Mishra")
Asit Ranjan Mishra
Asit Ranjan Mishra is the Economic Affairs Editor at Business Standard, with 20 years of experience in digital and print media. Based in Delhi, he specialises in international trade, macro-economic policy and data journalism. His expertise also includes developmental issues and political economy. He is a National Press Foundation fellow and has reported from major global cities on special assignments. Mishra previously held senior editorial roles at HT Mint and has a strong background in economics and journalism, with degrees from Utkal University and Indian Institute of Mass Communication.
Asit Ranjan Mishra is the Economic Affairs Editor at Business Standard, with 20 years of experience in digital and print media. Based in Delhi, he specialises in international trade, macro-economic policy and data journalism. His expertise also includes developmental issues and political economy. He is a National Press Foundation fellow and has reported from major global cities on special assignments. Mishra previously held senior editorial roles at HT Mint and has a strong background in economics and journalism, with degrees from Utkal University and Indian Institute of Mass Communication.
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Current account deficit could cross 5% in 2022 if crude hits $150/barrel
India's CAD expanded to 2.7 per cent of GDP in the December quarter from 1.3 per cent in September quarter on account of higher import bill
 "Current account deficit could cross 5% in 2022 if crude hits $150/barrel")
CBDC likely to pose risks for financial stability, says World Bank
CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers
 "CBDC likely to pose risks for financial stability, says World Bank")
India growth forecast cut to 8% for FY23, says World Bank
Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited
 "India growth forecast cut to 8% for FY23, says World Bank")
Rs 1,900 crore deficit likely to hit infrastructure projects in FY23
While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation.
 "Rs 1,900 crore deficit likely to hit infrastructure projects in FY23")
India's retail inflation rises to 6.95% in March; IIP remains muted
Food and oil prices push inflation to 17-month high
 "India's retail inflation rises to 6.95% in March; IIP remains muted")
Nepal's decision to ban import of non-essential items may hit India hard
Nepal is India's ninth largest export destination with $9.6 billion of exports to the landlocked country in calendar year 2021
 "Nepal's decision to ban import of non-essential items may hit India hard")
Asian Development Bank retains India's GDP forecast for FY23 at 7.5%
The higher capital spending is likely to improve the efficiency of India's logistics infrastructure, among others, crowd-in private investment, generate jobs in construction, and sustain growth
 "Asian Development Bank retains India's GDP forecast for FY23 at 7.5%")
Local currency trading with Sri Lanka not feasible, says govt official
This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds
 "Local currency trading with Sri Lanka not feasible, says govt official")
Double taxation relief for Indian IT companies operating in Australia
Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia
 "Double taxation relief for Indian IT companies operating in Australia")
Only 80.6% spent till February, govt likely to miss capex target
While monthly capex spending peaked to Rs 1.2 trillion in December, it has drastically fallen in subsequent months with expenditure of only Rs 43,495 crore in February
 "Only 80.6% spent till February, govt likely to miss capex target")
Govt keeps interest rate of small savings schemes unchanged for Q1FY23
Rising inflation rate and increasing chances of the RBI reversing its accommodative policy stance may have prevented the govt from cutting small savings rates
 "Govt keeps interest rate of small savings schemes unchanged for Q1FY23")
India's core sector grows 5.8%; fiscal deficit widens to 82.7% of RE
When compared to the same month a year ago, all sectors except crude oil (-2.2 per cent) and fertilisers (-1.4 per cent) registered robust growth
 "India's core sector grows 5.8%; fiscal deficit widens to 82.7% of RE")
From IPOs to PF, here's a list of changes that come into effect on Friday
Initial public offerings (IPO) launched after April 1 shall provide a sub-quota within the high net-worth individual (HNI) quota for those investing between Rs 2 lakh and Rs 10 lakh.
 "From IPOs to PF, here's a list of changes that come into effect on Friday")
Explained: What India's shift in stance on public procurement means
India's public procurement market is estimated to be between 20 and 22 per cent of the GDP, or about $500 billion annually.
 "Explained: What India's shift in stance on public procurement means")
In a first, India opens up central govt procurement market to UAE
Experts say this may open a Pandora's box with demand for similar commitment
 "In a first, India opens up central govt procurement market to UAE")
India and Russia may keep ruble out of the proposed rupee-ruble trade
Payments are likely to be settled in rupee pegged to dollar
 "India and Russia may keep ruble out of the proposed rupee-ruble trade")
Russia-Ukraine war: India eyes Mercosur deal to import crude sunflower oil
May have to reduce import duty, scrap strict requirements for S. American bloc
 "Russia-Ukraine war: India eyes Mercosur deal to import crude sunflower oil")
Two years after Covid, Indian economy hopping from one crisis to another
While the economy was mending its way up, the second wave beginning March 2021 led to loss of many more lives and further deceleration of growth momentum.
 "Two years after Covid, Indian economy hopping from one crisis to another")
Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices
The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation
 "Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices")
Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices
The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation
